Help SOVE Watson Company purchased assets of Holmes Ltd. at auction for $1,370,000. An Independent appraisal of the fair value of the assets acquired is listed below: Land Bailding Equipment Inventories $225,000 300,000 525,000 450,000 Required: Prepare the Journal entry to record the purchase of the assets. (no entry is required for a transaction/event, select "No Journal entry required" in the first account field.) View transaction llat View Journal ontry worksheet NO Dan Journal Traction 1 1 Land Building Equipment Inventory Cash 191,300 274,000 479.500 411.000 300